Goldshore Expands Near Surface Mineralized Shears with 25.0m of 1.10 g/t Au at the Moss Deposit
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Goldshore Expands Near Surface Mineralized Shears with 25.0m of 1.10 g/t Au at
the Moss Deposit
VANCOUVER, B.C., May 1, 2025: Goldshore Resources Inc. (TSXV: GSHR / OTCQB: GSHRF
/ FWB: 8X00) (“Goldshore” or the “Company”), is pleased to announce its latest assay results
from its ongoing 20,000-meter drill program and the second batch of results from the QES Up
program, targeting the near surface extension of the most northern QES shears at the Moss Gold
Project in Northwest Ontario, Canada (the “Moss Gold Project”).
Michael Henrichsen, CEO of Goldshore commented, “We are pleased with the ongoing positive
results from our winter drill program, which has allowed us to test the previously undrilled upper
central part of the Moss Gold Deposit. Historically undrilled areas had been model led as waste,
but these new drill results will enable us to model mineralized shears toward the surface,
enhancing the deposit's economic potential. We look forward to continuing our aggressive drilling
to create value.”
Highlights:
• Results from hole MQD -25-160, along the eastern end in the QES Up program,
intersected a widening of the near surface extension of the deeper shears yielding
increased mineralization with best intercepts of:
o 25.0m of 1.10 g/t Au from 107.2m in MQD-25-160, including
▪ 2.05m of 1.69g/t from 111.1m and
▪ 7.65m of 2.62 g/t Au from 117.55m
• Results from three additional QES Up holes confirmed near surface extension of the
deeper marginal shears representing further opportunities to convert modelled waste to
mineral resource within the current conceptual open pit with best intercepts of:
o 19.75m of 0.45 g/t Au from 123.1m in MQD-25-151, including
▪ 0.3m of 8.87 g/t Au from 126.5m
o 6.0m of 1.34 g/t Au from 131.0m in MQD-25-152
o 11.85m of 0.36 g/t from 148.15m in MQD-25-158
Technical Overview
Figure 1 shows the location of the drill holes being reported with respect to the planned winter
drill program, while Figure 2 illustrates a cross section through drill hole MQD-25-160. Tables 1 &
2 summarize significant intercepts and drill hole locations, respectively.
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Figure 1: Summarizes the ongoing winter 2025 drill program targeting resource expansion within the conceptual open
pit outlined in grey. Drill holes being reported are highlighted in red.
Figure 2: Cross section through MQD-25-160 illustrating the extension of marginal shears toward surface on the
northern flank of the QES Zone (QES Up).
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Drill results are from the eastern portion of the QES Up program, which aims to prove the surface
extension of deeper-modelled mineralized shear zones along the northern boundary of the QES
Zone. This area lies entirely within the conceptual open pit , with all mineralized intersection s
representing opportunities to convert currently modelled waste to mineral resource.
MQD-25-160 was drilled between holes MQD-25-152 and MQD-25-158 targeting both the near-
surface extension of deeper modelled shears and the potential northern deflection of the QES
mineralization. The hole collared into a similar weakly deformed and chlorite -epidote altered
diorite with a more consistent zone of sericite-silica-hematite altered shearing, like that seen in
the core of the QES zone (Figure 3). The sericite-silica-hematite shears are strongly mineralized
with intercepts of 25.0m of 1.10 g/t Au from 107.2m, including 2.05m of 1.69 g/t from 111.1m
and 7.65m of 2.62 g/t Au from 117.55m (Table 1). The increasing grade towards the northeast is
being interpreted as a sinistral drag structure similar to that observed between the Main and
Southwest Zones.
The hole was terminated within the mineralized QES envelope, as the deeper sections of the
Zone have been sufficiently tested by previous drilling.
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Figure 3: High-grade portion of sheared and mineralized granodiorite in MQD-25-160 returning 25.0m of 1.10 g/t Au
from 107.2m along the northern edge of the QES Zone at QES Up
Holes MQD-25-151 and MQD-25-152 were drilled on 100m sections, targeting surface extensions
of deeper-modelled mineralized shear zones along the northern boundary of the QES Zone. Both
holes collared into a weakly deformed and chlorite-epidote altered diorite with intermittent sericite-
silica-hematite altered shear zones increasing in intensity at depth. The sericite -silica-hematite
shears are moderately mineralized with intercepts including 19.75m of 0.45 g/t Au from 123.1m
in MQD-25-153, including 0.3m of 8.87 g/t Au from 1 26.5m; 16.15m of 0.48 g/t Au from 88.0m ,
and 6.0m of 1.34 g/t Au from 131.0m in MQD-25-152 (Table 1).
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Both holes were terminated within the mineralized QES envelope, as the deeper sections of the
Zone have been sufficiently tested by previous drilling.
MQD-25-158 was drilled 400m further east than MQD-25-151 and MQD-25-152 targeting similar
surface extensions of deeper modelled shears and confirming the eastern extension of the QES
system. The hole collared into similar a weakly deformed and chlorite-epidote altered diorite with
intermittent sericite-silica-hematite altered shear zones increasing with intensity at depth with
intercepts of 11.85m of 0.36 g/t from 148.15m . The hole was extended to intercept the typical
QES granodiorite at 262m confirming the orientation of the main QES host l ithology with results
of 13.5m of 0.38 g/t Au from 254.45m (Table 1). The hole was terminated prior to drilling through
the entirety of the QES zone.
Table 1: Significant intercepts
HOLE ID FROM TO LENGTH (m) TRUE WIDTH
(m)
CUT GRADE
(g/t Au)
UNCUT
GRADE
(g/t Au)
MQD-25-151 67.85 73.00 5.15 3.7 0.40 0.40
86.00 90.00 4.00 2.8 0.58 0.58
123.10 142.85 19.75 14.2 0.45 0.45
incl 126.50 126.80 0.30 0.2 8.87 8.87
MQD-25-152 61.00 66.10 5.10 3.7 0.55 0.55
88.00 104.15 16.15 11.9 0.48 0.48
131.00 137.00 6.00 4.5 1.34 1.34
MQD-25-158 135.00 137.00 2.00 1.6 0.43 0.43
148.15 160.00 11.85 9.5 0.36 0.36
170.40 173.65 3.25 2.6 0.53 0.53
229.20 233.00 3.80 3.1 0.50 0.50
254.45 270.85 16.40 13.5 0.38 0.38
261.45 265.85 4.40 3.3 0.55 0.55
293.10 297.55 4.45 3.3 0.43 0.43
MQD-25-160 107.20 132.20 25.00 18.7 1.10 1.10
incl 111.10 113.15 2.05 1.5 1.69 1.69
and 117.55 125.20 7.65 5.7 2.62 2.62
incl 119.95 120.30 0.35 0.3 30.0 30.1
Intersections calculated above a 0.3 g/t Au cut off with a top cut of 30 g/t Au and a maximum internal waste
interval of 5 metres. Shaded intervals are intersections calculated above a 1.0 g/t Au cut off. Intervals in bold are
those with a grade thickness factor exceeding 20 gram x metres / tonne gold. True widths are approximate and
assume a subvertical body.
Table 2: Drill Collars
HOLE EAST NORTH RL AZIMUTH DIP EOH
MQD-25-151 670,138 5,379,811 428 155.0 -45.0 150.00
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MQD-25-152 670,209 5,379,849 428 155.6 -45.7 150.00
MQD-25-158 670,483 5,380,136 428 153.5 -45.2 300.00
MQD-25-160 670,412 5,380,044 428 156.5 -45.1 150.00
Analytical and QA/QC Procedures
The HQ diameter drill core has been oriented using ACTIII or equivalent tools and validated in
the core shack. All core has been sawn in half cut just off the core orientation line (bottom of hole)
with the right half (looking downhole) of the core bagged and sent to a third -party analytical
laboratory. The left half of the core was re turned to core boxes and is stored at Goldshore’s
Kashabowie core yard facility.
All samples were sent to ALS Geochemistry in Thunder Bay for preparation and analysis was
performed in the ALS Vancouver analytical facility. ALS is accredited by the Standards Council of
Canada (SCC) for the Accreditation of Mineral Analysis Testing Labor atories and CAN -P-4E
ISO/IEC 17025. Samples were analysed for gold via fire assay with an AA finish (“Au-AA23”) and
48 pathfinder elements via ICP-MS after four-acid digestion (“ME-MS61”). Samples that assayed
over 10 ppm Au were re-run via fire assay with a gravimetric finish (“Au-GRA21”).
In addition to ALS quality assurance / quality control (“ QA/QC”) protocols, Goldshore has
implemented a quality control program for all samples collected through the drilling program. The
quality control program was designed by a qualified and independent third party, with a focus on
the quality of analytical results for gold. Analytical results are received, imported to our secure on-
line database and evaluated to meet our established guidelines to ensure that all sample batches
pass industry best practice for analytical quality control. Certified reference materials are
considered acceptable if values returned are within three standard deviations of the certified value
reported by the manufacture of the material. In addition to the certified reference material, certified
blank material is included in the sample stream to monitor contamination during sample
preparation. Blank material results are assessed based on the returned gold result being less
than ten times the quoted lower detection limit of the analytical method. The results of the on -
going analytical quality control program are evaluated and reported to Goldshore by Orix
Geoscience Inc.
Qualified Person
Peter Flindell, PGeo, MAusIMM, MAIG, Vice -President, Exploration, of the Company, and a
qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects,
has approved the scientific and technical information contained in this news release.
Mr. Flindell has verified the data disclosed. To verify the information related to the winter drill
program at the Moss Gold Project, Mr. Flindell has visited the property several times; discussed
and reviewed logging, sampling, bulk density, core cutting and sample shipping processes with
responsible site staff; discussed and reviewed assay and QA/QC results with responsible
personnel; and reviewed supporting documentation, including drill hole location and orientation
and significant assay interval calculations. He has also overseen the Company’s health and safety
policies in the field to ensure full compliance, and consulted with the Project’s host indigenous
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communities on the planning and implementation of the drill program, particularly with respect to
its impact on the environment and the Company’s remediation protocols.
About Goldshore
Goldshore is a growth -oriented gold company focused on delivering long -term shareholder and
stakeholder value through the acquisition and advancement of primary gold assets in tier -one
jurisdictions. It is led by the ex -global head of structural geology for the world’s largest gold
company and backed by one of Canada’s pre -eminent private equity firms. The Company’s
current focus is the advanced stage 100% owned Moss Gold Project which is positioned in
Ontario, Canada, with direct access from the Trans -Canada Highway, hydroelectric power near
site, supportive local communities and skilled workforce. The Company has invested over $60
million of new capital a nd completed approximately 80,000 meters of drilling on the Moss Gold
Project, which, in aggregate, has had over 235,000 meters of drilling. The 2024 updated NI 43-
101 mineral resource estimate (“ MRE”) has expanded to 1.54 million ounces of Indicated gold
resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au. The
MRE only encompasses 3.6 kilometers of the 35+ kilometer mineralized trend, remains open at
depth and along strike and is one of the few remaining major Canadian gold deposits positioned
for development in this cycle. Please see NI 43-101 technical report titled: “Technical Report and
Updated Mineral Resource Estimate for the Moss Gold Project, Ontario, Canada,” dated March
20, 2024 with an effective date of January 31, 2024 available under the Company’s SEDAR+
profile at www.sedarplus.ca. For more information, please visit SEDAR+ (www.sedarplus.ca) and
the Company’s website (www.goldshoreresources.com).
For More Information – Please Contact:
Michael Henrichsen
President, Chief Executive Officer and Director
Goldshore Resources Inc.
W: www.goldshoreresources.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains statements that constitute “forward-looking statements.” Such forward
looking statements involve known and unknown risks, uncertainties and other factors that may
cause the Company’s actual results, performance or achievements, or developments to differ
materially from the anticipated results, performance or achievements expressed or implied by
such forward -looking statements. Forward looking statements are statements that are not
historical facts and are generally, but not always, identified by the words “ expects,” “plans,”
“anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or
that events or conditions “will,” “would,” “may,” “could” or “should” occur. Forward -looking
statements in this news release include, among others, statements relating to expectations
regarding the exploration and development of the Moss Gold Project; the potential mineralization
at the Moss Gold Project based on the winter drill program, including the potential for additional
mineral re sources; the enhancement of the Moss Gold Project; statements regarding the
Company’s future drill plans, including the expected benefits and results thereof; that the Superion
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target has the potential to significantly add to the current mineral resource estimate within the top
200 meters from surface with continued drilling and to reduce the overall strip ratio of the deposit;
the potential for resource growth at Moss and the fa ct that the results have the potential to
significantly impact the economic performance of the deposit moving forward; the potential for a
much larger mineralized system and that it will be pursued in the near future through
additional drilling; and other statements that are not historical facts.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause our actual results, performance or achievements, or other future
events, to be materially different from any future results, performance or achievements expressed
or implied by such forward -looking statements. Such factors and risks include, among others:
uncertainty and variation in the estimation of mineral resources; risks related to exploration,
development, and operation activities; exploration and development of the Moss Gold Project will
not be undertaken as anticipated; the Company may require additional financing from time to time
in order to continue its operations which may not be available when needed or on acceptable
terms and conditions acceptable; the economic performance of the deposit may not be consistent
with management’s expectations; the Company’s exploration work may not deliver the results
expected; the fluctuating price of gold; unknown l iabilities in connection with acquisitions ;
compliance with extensive government regulation; delays in obtaining or failure to obtain
governmental permits, or non -compliance with permits; environmental and other regulatory
requirements; domestic and foreign laws and regulations could adversely affect the Company’s
business and results of operations; risks related to natural disasters, terrorist acts, health crises,
and other disruptions and dislocations; global financial conditions; uninsured risks; climate change
risks; competition from other companies and individuals; conflicts of interest; risks related to
compliance with anti -corruption laws; the Company’s limited operating history; intervention by
non-governmental organizations; outside contractor risks; the stock markets have experienced
volatility that often has been unrelated to the performance of companies and these fluctuations
may adversely affect the price of the Company’s securities, regardless of its operating
performance; the Superion target may not add to the current mineral resource; and other risks
associated with executing the Company’s objectives and strategies as well as those risk factors
discussed in the Company’s continuous disclosure documents filed under the Company’s
SEDAR+ profile at www.sedarplus.ca.
The forward -looking information in this news release is based on management’s reasonable
expectations and assumptions as of the date of this news release. Certain material assumptions
regarding such forward-looking statements were made, including without limitation, assumptions
regarding: the future price of gold; anticipated costs and the Company’s ability to fund its
programs; the Company’s ability to carry on exploration, development and mining activities; prices
for energy inputs, labour, materials, supplies and services; the timing and results of drilling
programs; mineral resource estimates and the assumptions on which they are based; the
discovery of mineral resources and mineral reserves on the Company’s mineral properties; the
timely receipt of required approvals and permits ; the costs of operating and exploration
expenditures; the Company’s ability to operate in a safe, efficient, and effective manner; the
Company’s ability to obtain financing as and when required and on reasonable terms; that the
Company’s activities will be in accordance with the Company’s public statements and stated
goals; that the Superion target will add to the current mineral resource; that the Company’s
exploration work will deliver the results expected; and that there will be no material adverse
change or disruptions affecting the Company or its properties.
The forward-looking information contained in this news release represents the expectations of the
Company as of the date of this news release and, accordingly, is subject to change after such